Alphabet Inc. was initially founded as a search engine company in 1998 under the name Google Inc. Since then, Google has grown to be the world’s most popular search engine, with an eighty seven % share of the world-wide search industry. The company has diversified much past engines like google in the past 2 years. It reorganized in 2015 and also created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, along with a number of other manufacturers. Alphabet is actually listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A ) and GOOG (Class C).
Alphabet earns revenue with the Google Search engine, YouTube, Google Play, Google Cloud, Chrome browser , and Android mobile operating system. In addition, the company renders extensive investments in the Stadia cloud gaming system, Waymo self-driving vehicles, as well as other technology initiatives.
Alphabet competes with companies that offer online platforms for connecting men and women with information and relevant advertising, digital content and application platforms, enterprise cloud services, and more. Major competitors include Amazon.com Inc. (AMZN), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Facebook Inc. (FB), Alibaba Group Holdings Ltd. (BABA), and others.
Alphabet’s Latest Developments
On October 29, 2020, Google parent Alphabet posted Q3 2020 EPS which beat analysts’ estimates by a large margin. Both total revenue as well as cloud revenue also surpassed expectations. Net income, revenue, and also cloud revenue all rose compared to the year-ago quarter driven by increased advertising spend. “Total revenues of $46.2 billion in the third quarter mirror broad based growth led by an increase in advertiser spend in Search and Youtube plus continued strength in google Cloud and Play,” stated CFO Ruth Porat.
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